Exact same issue here. AMT does not affect my taxes (and has not in previous years). I have a small amount of foreign tax on investments <$300, as in previous years. Nonetheless TT is forcing an election this year? Same questions. Why in this year? And the TT message thereafter is a bit cryptic (to me) as well about the amount of “passive category income tax credit exceeded,” and the same for “passive category income tax credit for AMT purposes exceeded ….” TT also seems now to be generating a form 1116 because of this? And TT is asking for an “explanation statement” for this form 1116, or it throws an error in smart check. Anyone know what is the solution for this? Is it possibly an error in the TT code that should have a quick review and update? Thanks.
